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Clarion buys more industrial assets from Pauls

Gateway Building 21
Clarion Partners bought Gateway Park’s Building 21, along with 13 other buildings, in 2018.

Clarion Partners, which completed a record-setting industrial acquisition in the Denver market last year, has acquired more than $78 million in additional properties from the same seller.

The Pauls Corp., which sold its 1.93 million-square-foot industrial portfolio at Gateway Park in Aurora to Clarion for $206.06 million last year, sold the additional assets to Clarion for $78.11 million, according to Adams County records.

Among the latest assets are two newly completed distribution buildings, Buildings 22 and 23.

Watch CREJ’s print edition and CREJ.com for more on this story.

Kris Oppermann Stern is publisher and editor of Building Dialogue, a Colorado Real Estate Journal publication, and editor of CREJ's construction, design, and engineering section, including news and bylined articles. Building Dialogue is a quarterly, four-color magazine that caters specifically to the AEC industry, including features on projects and people, as well as covering trends…